Xperiel closes $7M Series A round: Uses IoT & AR platform
Feb 17 2018
Xperiel, an Internet of Things Augmented Reality (IoT/AR) company raised a $7M Series A round. Investors include Scott Cook, Co-Founder of Intuit, Cyan Banister of Founders Fund, WTI and the National Basketball Association’s Sacramento Kings.
The startup promises to help businesses reach customers via mesh-up of IoT and VR. It provides a platform called Real World Web (RWW) using Xperiel’s patented technology. It is also introducing a programming language called ROX for its RWW platform. ROX is itself based on ‘Pebbling’, a technology that Experiel claims can help build complex, multi-app, real-world services without complex coding requirements. The main goal of using this technology is to quickly create interactive, immersive digital experiences for consumers.
The closest comparison Xperiel makes is with Photoshop, Maya, or SimCity and other graphical applications. It also introduces the concept of ‘Triggers’ which the startup explains as follows:
Xperiel’s main application is in professional sports, entertainment, retail and the startup boasts having customers such as New York Jets, Sacramento Kings, Los Angeles Dodgers and Pepsico. These brands use its platform to design immersive applications that work across any device or operating system.
As IoT and VR go mainstream, startups have meshed up both technologies to create superior and more engaging experiences. Another AR/IoT startup called RealWear also closed $17M in new funding. The startup provides wearables incorporating VR capabilities that industrial workers can use. Tesla, Walmart, and Amazon are reported to be among RealWear’s customers.
+ Unlike previous uses of triggers such as the QR code on the back shampoo bottle, the startup is not encoding URLs with them. Instead, Xperiel is using them as inputs to custom apps,
+ Digital gamification is a key use case of Xperiel's technology.
+ The core value proposition of Xperiel's RWW platform is that it allows brands to quickly build VR-based apps and experiences using sensors of smartphone and other common 'smart' devices.
The Xperiel platform goes far beyond connecting #SportsTech. Our new #funding round will enable us to bring our #RWW to virtually any market – from #healthcare, #retail, #medical and more: https://t.co/lN2XZsDdDe— Xperiel (@Xperiel) February 13, 2018